With over 1 million IT employees, Bengaluru is Asia-Pacific's top tech city: Report
Bengaluru has also seen a 2.4% increase in its working-age population from 2019 to 2024, with 75.5% of its population falling into that group. This demographic advantage is one of the key drivers of the city's expanding tech ecosystem.The city's startup environment is thriving, with 28 unicorns and a strong flow of venture capital investment. In 2024 alone, Bengaluru secured 140 VC deals worth $3.3 billion, including 34 focused on AI. The city is supported by world-class institutions and favourable policies, helping to maintain a steady talent pipeline in AI, data science, engineering, and product development.advertisementDelhi-NCR and Mumbai are also making notable progress. Delhi-NCR closed 183 VC deals worth dollars 1.9 billion, while Mumbai saw 167 deals totalling $4.9 billion. Both cities are playing a key role in India's wider tech growth story.CBRE's report notes that global tech talent distribution is influenced by factors such as education, quality of life, real estate costs, and capital funding -- areas where Bengaluru continues to perform strongly. This recognition further cements Bengaluru's position as India's leading tech city and a significant player on the global stage.Must Watch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 days ago
- Time of India
Policy for data centers' land, power usage to support industry: CBRE's Anshuman Magazine
NEW DELHI: Policy interventions to ensure availability of fundamentals – land, water, and energy – would be a deciding factor in driving the proliferation of data centers nationwide, according to real estate consulting firm CBRE . 'Land is a common challenge for every real estate development, including data center s. But the bigger challenge is getting the power to run a data center. So, the state or the city may not have the kind of power required by data centers. That is why hyperscalers and other larger data centers are being established in major cities first,' Anshuman Magazine , chairman & CEO (India, Southeast Asia, Middle East & Africa), CBRE, told ETTelecom in an interview. The rapid advancements in cloud, generative artificial intelligence (GenAI), and low-latency applications are also causing the data centers to guzzle water to keep the computing infrastructure running at optimum temperatures for sustained performance. 'The data centers also require a lot of water because they generate heat. So it needs cooling. The construction of a data center itself is expensive and the technology, including the racks, as well as prices, have increased,' Magazine said. 'Lately, the power generation in India is improving, and that will enable us to put a larger capacity data center, which will benefit the entire industry.' Vipin Jain, president (datacenter operations), CtrlS Datacenters, told ETTelecom in a recent interview that more efforts are needed beyond allotting lands at market rates and waiving stamp duty to support the greenfield data center projects. 'If we have to look at this industry in total, the government should look into whether it can develop data center cities that have ample power. They have to consider the use of unclear power and renewable energy,' he said. The top executive's comments close on the heels of the Ministry of Electronics and IT ( MeitY ) restarting consultations on the draft national data center policy to attract investments in this sector, ET reported in its August 11, 2025, edition . The policy, which aims to encourage the establishment of data centers through single-window permissions, streamlining approvals, providing incentives, and setting up four data center economic zones (DCEZs), was announced in 2020 but never implemented. CBRE estimates India's data center capacity to increase from 1.27GW in 2024 to 1.76GW in 2025, with the real estate footprint growing from 19 million square feet to 26 million square feet. Mumbai (50%), followed by Chennai (17%), Delhi NCR (12%), Bengaluru (9%), and Pune (6%), are expected to be the top data center markets (by capacity) this year, according to the American commercial real estate services and investment firm. Last year, investors remained bullish and committed nearly $20 billion in data centers, benefitting Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal, as per CBRE. 'Mumbai and Chennai are the major data center hubs due to undersea cabling connections. That is why more data centers have come there. Going forward, there will be data centers everywhere. Certainly, parts of South India and western Mumbai will have an advantage,' the executive said.
Business Standard
08-08-2025
- Business Standard
Beyond the Core: Luxury Finds a Stronghold in Emerging NCR Pockets
NewsVoir Delhi-NCR [India], August 8: For long, luxury housing in NCR was synonymous with legacy addresses Lutyens' Delhi, Golf Course Road, or DLF Phase V, where prestige was tied to postcode. However, a growing wave of demand is now sweeping across emerging corridors like the Dwarka Expressway, SPR Road, Sector 150 in Noida, Siddharth Vihar in Ghaziabad, Yamuna Expressway, FNG Corridor, and Neharpar in Faridabad. These locations are on the radar of HNIs and UHNIs seeking modern living, expansive layouts, and better value. With infrastructure catching up and lifestyle aspirations evolving, luxury is moving beyond the core. As per the CBRE-ASSOCHAM report, Delhi-NCR has witnessed sales of 3,960 luxury homes, each costing Rs 6 crore and above, during the January-June period, an increase of more than three times on an annual basis. Meanwhile, according to the CREDAI and CRE Matrix Pan India report, India's housing market witnessed a sharp surge in FY25, with tier I cities recording record-high primary housing sales worth Rs. 6,70,000 crore (US$76.53 billion), marking a 96% jump compared to FY22. Delhi NCR's residential market, especially in Gurugram, recorded a 313% surge in sales value from FY22, touching Rs. 1,70,000 crore (US$19.42 billion). The shift towards high-value properties and sustained buyer demand underscores changing real estate investment trends across India's top cities. Besides, several factors are converging to drive this shift beyond the core, and infrastructure has been the biggest catalyst. Projects like the Delhi-Meerut RRTS, Dwarka Expressway, Noida International Airport, and the KMP Expressway are dramatically improving intercity and intra-city mobility, making once-overlooked locations far more accessible. This, in turn, has allowed developers to reimagine luxury living on a larger canvas. Ishaan Singh, Director, AIPL said, "As the city grows outward, the definition of luxury is being rewritten. Luxury today is about a balance between nature, technology, and convenience. Sectors along Dwarka Expressway are being recognised for their connectivity and serene surroundings. As developers, we see the location as a blank canvas to introduce mindfully crafted luxury offerings that appeal to a new-age buyer looking beyond traditional neighbourhoods." Unlike older neighbourhoods constrained by legacy layouts and limited land, several new micro-markets are carving out a distinct identity within NCR's luxury landscape. While Dwarka Expressway, with its proximity to the IGI Airport, is witnessing a surge in high-end gated townships designed for the globally mobile elite, SPR is gradually shaping into a natural extension of Golf Course Extension Road, attracting premium residential and mixed-use developments. In Noida, Sector 150 stands out for its low-density, wellness-oriented planning. Developers like Prateek Group are redefining the sector's luxury narrative through its luxury project Prateek Canary in the region and fulfilling the evolving requirements of homebuyers. Similarly, in Siddharth Vihar, Ghaziabad, the group's premium offering responds to a growing appetite for aspirational living backed by infrastructure and accessibility. Simultaneously, other leading developers like Pyramid and Chintamanis continue to strengthen their foothold along the Dwarka Expressway and SPR. On the other hand, KREEVA and Landmark Group are steadily building their presence with an ultra-luxury pipeline in fast-rising zones of Gurugram. Vikas Dua, Founder & Director, Chintamanis, says, "HNIs and UHNIs are no longer bound by legacy addresses; they're driven by lifestyle metrics. Emerging markets like Dwarka Expressway offer the right mix of liveability and future appreciation. The sentiment is shifting from buying into a brand location to buying into a future-ready lifestyle, and that's where the opportunity lies." Ashwani Kumar, Pyramid Infratech, says, "Gurugram's emerging micro-markets, be it along SPR, Dwarka Expressway, or sectors bordering them, are quickly stepping out of the shadow of the city's core. These zones are no longer peripheral; they're high-growth corridors backed by planned infrastructure, expanding social fabric, and increasing investor interest. Hence, we see these areas as the future of aspirational housing - where modern design, connectivity, and long-term appreciation converge to create next-generation investment opportunities." Therefore, as infrastructure expands and connectivity deepens, these micro-markets offer a rare blend of space, planning, lifestyle features, and future appreciation - elements that today's evolved homebuyers actively seek.
News18
08-08-2025
- News18
Beyond the Core: Luxury Finds a Stronghold in Emerging NCR Pockets
NewsVoirDelhi-NCR [India], August 8: For long, luxury housing in NCR was synonymous with legacy addresses Lutyens' Delhi, Golf Course Road, or DLF Phase V, where prestige was tied to postcode. However, a growing wave of demand is now sweeping across emerging corridors like the Dwarka Expressway, SPR Road, Sector 150 in Noida, Siddharth Vihar in Ghaziabad, Yamuna Expressway, FNG Corridor, and Neharpar in Faridabad. These locations are on the radar of HNIs and UHNIs seeking modern living, expansive layouts, and better value. With infrastructure catching up and lifestyle aspirations evolving, luxury is moving beyond the per the CBRE-ASSOCHAM report, Delhi-NCR has witnessed sales of 3,960 luxury homes, each costing Rs 6 crore and above, during the January-June period, an increase of more than three times on an annual according to the CREDAI and CRE Matrix Pan India report, India's housing market witnessed a sharp surge in FY25, with tier I cities recording record-high primary housing sales worth Rs. 6,70,000 crore (US$76.53 billion), marking a 96% jump compared to FY22. Delhi NCR's residential market, especially in Gurugram, recorded a 313% surge in sales value from FY22, touching Rs. 1,70,000 crore (US$19.42 billion). The shift towards high-value properties and sustained buyer demand underscores changing real estate investment trends across India's top several factors are converging to drive this shift beyond the core, and infrastructure has been the biggest catalyst. Projects like the Delhi-Meerut RRTS, Dwarka Expressway, Noida International Airport, and the KMP Expressway are dramatically improving intercity and intra-city mobility, making once-overlooked locations far more accessible. This, in turn, has allowed developers to reimagine luxury living on a larger Singh, Director, AIPL said, 'As the city grows outward, the definition of luxury is being rewritten. Luxury today is about a balance between nature, technology, and convenience. Sectors along Dwarka Expressway are being recognised for their connectivity and serene surroundings. As developers, we see the location as a blank canvas to introduce mindfully crafted luxury offerings that appeal to a new-age buyer looking beyond traditional neighbourhoods."Unlike older neighbourhoods constrained by legacy layouts and limited land, several new micro-markets are carving out a distinct identity within NCR's luxury landscape. While Dwarka Expressway, with its proximity to the IGI Airport, is witnessing a surge in high-end gated townships designed for the globally mobile elite, SPR is gradually shaping into a natural extension of Golf Course Extension Road, attracting premium residential and mixed-use Noida, Sector 150 stands out for its low-density, wellness-oriented planning. Developers like Prateek Group are redefining the sector's luxury narrative through its luxury project Prateek Canary in the region and fulfilling the evolving requirements of homebuyers. Similarly, in Siddharth Vihar, Ghaziabad, the group's premium offering responds to a growing appetite for aspirational living backed by infrastructure and other leading developers like Pyramid and Chintamanis continue to strengthen their foothold along the Dwarka Expressway and SPR. On the other hand, KREEVA and Landmark Group are steadily building their presence with an ultra-luxury pipeline in fast-rising zones of Dua, Founder & Director, Chintamanis, says, 'HNIs and UHNIs are no longer bound by legacy addresses; they're driven by lifestyle metrics. Emerging markets like Dwarka Expressway offer the right mix of liveability and future appreciation. The sentiment is shifting from buying into a brand location to buying into a future-ready lifestyle, and that's where the opportunity lies."Ashwani Kumar, Pyramid Infratech, says, 'Gurugram's emerging micro-markets, be it along SPR, Dwarka Expressway, or sectors bordering them, are quickly stepping out of the shadow of the city's core. These zones are no longer peripheral; they're high-growth corridors backed by planned infrastructure, expanding social fabric, and increasing investor interest. Hence, we see these areas as the future of aspirational housing – where modern design, connectivity, and long-term appreciation converge to create next-generation investment opportunities."Therefore, as infrastructure expands and connectivity deepens, these micro-markets offer a rare blend of space, planning, lifestyle features, and future appreciation – elements that today's evolved homebuyers actively seek.(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
